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OpenSea

OpenSea Walks Back IPO After Backlash

OpenSea Chief Financial Officer mentions plans to IPO, then reels back after community backlash.

Loopring (LRC)

Loopring Takes Off On Rumors of Powering GameStop NFT Marketplace

There are a lot of signs pointing towards GameStop launching an NFT marketplace on Loopring (LRC), and that's being reflected in the price.

Metaverse

Metaverse Cryptos Pump Following Facebook Rebrand

Facebook's META rebrand brought renewed attention to metaverse crypto projects, led by Decentraland (MANA).

NFT

Pro Sports NFTs: On-Chain and Officially Licensed

As the NFT market matures, existing corporations are entering the space using their brands and intellectual property to create NFT games and collectibles.

Company Highlight

Yield Guild Games Spotlight

Yield Guild Games (YGG) is helping people in the developing world make 5-10x their money by playing games.

Adoption

High Gas Fees Bring Trouble and Opportunity

Ethereum's high gas fees are opening the door for competition to eat up market share.

NFT

Instagram Is Rolling Out NFT Support

Instagram has begun rolling out their NFT integrations, pulling info from crypto wallets and tagging ownership.

Axie Infinity (AXS)

Sky Mavis Raises $150M to Compensate for Ronin Hack

Sky Mavis, maker of Axie Infinity, raised $150M primarily from Binance to make investors whole after their Ronin sidechain was hacked for $600M.

Shopify (SHOP)

Shopify Adds NFT Support

Shopify has launched an NFT platform beta to their US Plus customers.

Company Highlight

Jack Dorsey leaves Twitter, rebrands Square to Block

Jack Dorsey has left Twitter, leaving its crypto ambitions in question. Dorsey is now full time at Square, which has rebranded to Block.

Ethereum (ETH)

Coinbase Wallet Launches Browser Extension

This past week, Coinbase launched their own web wallet extension to compete with MetaMask, bringing much of the convenience of using Coinbase natively to the web3 browser experience.

NFT

What’s the Metaverse Worth? About $28M Per User

Major Metaverse projects seem to be almost entirely devoid of users. While most successful games measure users in the millions, these are under 1000.

NFT

Reddit and Facebook Integrate NFTs

Reddit launched an NFT avatar marketplace on Polygon, and Facebook will allow Ethereum and Polygon NFTs on user profiles.

NFT

The New York Stock Exchange Files Patent for NFT Marketplace

The New York Stock Exchanged filed a patent for an NFT marketplace, with specific focuses on the metaverse.

CryptoMines

CryptoMines Reinvents the Rug Pull

At its height, CryptoMines' token, ETERNAL, had a market cap of almost $3 billion, but now it's worth $13 million.

Non Fungible Token

Ubisoft is Launching In-Game NFTs

Ubisoft is launching in-game NFTs. Their beta platform is live now and issues free NFTs.

FTX

FTX Expanding NFT Markets, Raising Billions

FTX is raising billions to expand to new markets, and launch their NFT marketplace globally.

NFT

FTX.US Will Not List NFT Projects Offering Holder Royalties

FTX.US announced that its new non-fungible token (NFT) marketplace would not list projects rewarding royalties to NFT holders.

Adoption

Bored Ape Yacht Club Auction Sells for $24 Million

A collection of 101 Bored Ape Yacht Club Non Fungible Tokens (NFTs) sold for $24 Million this week at a Sotheby's auction.

NFT

$3k Floor Price for ~2 Weeks of Access to the Bored Ape Arcade Game

Bored Ape's parent company, Yuga Labs, released a simple arcade game, and access for two weeks of gameplay is selling for more than $3k.

NFT

Instagram Integrates Polygon & Arweave for Its NFT Marketplace

On Wednesday, Meta announced that Instagram will allow users to mint and sell NFTs through its app.

NFT

BAYC Fueled Bank Run Nearly Breaks BendDAO

A large amount of the collateralized loans on BendDAO backed by Bored Ape Yacht Club (BAYC) NFTs risked liquidation and caused a bank run.

NFT

Coinbase and Gemini Kick Off the Crypto Winter Job Market

As economic concerns grow & retail interest wanes, exchanges are laying off employees, freezing hiring, & halting new development.

NFT

BAYC’s Land Sale Jacks Up ETH Gas Price, Wastes $80M

Bored Ape Yacht Club and Yuga Labs launched a land sale for their metaverse, Otherside. The sale minted 100,000 NFTs and $561M in sales.

NFT

Bored Ape Yacht Club Creator, Yuga Labs, Buys CryptoPunks and Meebits

Yuga Labs acquired the CryptoPunks and Meebits intellectual property and over 2,000 NFTs from Larva Labs.